Description

Global Recycled Plastics Market 2016-2020 Description

Plastic recycling decreases the quantity of wastes that are being dumped into landfills and aids in transforming the wastes into lower or same grade plastic materials. These products are used across different sectors.

A large proportion of the plastic that is procured for recycling is not suitable for recycling as most plastics used are semi-porous and absorb molecules of the stored material. The removal of these residues is tedious and additional treatments for the same can potentially alter the properties of the recycled plastics. Most recycled plastics are used to make lower grade products. These are hydrolyzed to a monomeric form and then purified and re-polymerized into food grade plastic.

Technavio’s analysts forecast the global recycled plastics market to grow at a CAGR of 4.31% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global recycled plastics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the use of different types of recycled plastics.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Recycled Plastics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Avangard Innovative

B. Schoenberg & Co

Delta Plastics of the South

UltrePET LLC

Other prominent vendors

CarbonLITE Industries

Marmax Products

ORBIS

PolyPrime

Worldwide Recycler Services

Market driver

Emerging opportunities for recycled products

For a full, detailed list, view our report

Market challenge

Low penetration of recycled plastic products

For a full, detailed list, view our report

Market trend

Growing environmental concerns

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

Commenting on the report, an analyst from Technavio’s team said: “The demand for plastic and its related products is increasing significantly. This is attributable to the substitution of other materials and metals by plastics. Plastic is preferred in many automotive, healthcare, defense, and energy industries. This has been one of the primary reasons that have intensified the focus on plastic recycling.”

According to the report, the growing demand for plastics from healthcare, automotive, food and beverage, oil and gas, construction, and household products has stimulated the need for plastic recycling. The scarcity of petrochemicals, rising costs of raw materials, and growing environmental concerns are also fostering the need for recycling.

Further, the report states that the lack of public awareness regarding the value and significance of recycled plastics is a prime challenge in the market.